Today in the currency markets the New Zealand Dollar (NZD) had clear strength on The Forex Heatmap®. The Canadian Dollar (CAD) was also weak, so the NZD/CAD had strong movement and a clear buy signal. This pair moved strong to the upside. The NZD/CAD has now broken through most historical resistance areas and is trending higher on the larger time frames. This pair has no nearby resistance past the current prices. The currency strength trading indicator below is The Forex Heatmap®. The heatmap shows trading signals for the asian session forex time on the left and the main trading session on the right. The similar signals on both sides of the heatmap indicates that the market was quiet and consolidating in the asian session forex times and the momentum started in the main trading session.
Currency Strength Trading NZD/CAD Buy Signal 2-27-2014